Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; authorize municipalities to defer for certain small businesses making capital investments.
Bill Text: [Introduced]
| 1 | 02/22 (H) Referred To Ways and Means | |
| 2 | 02/23 (H) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Compretta
Additional Author: Davis
Code Section: A 027-0041-0001
Title: AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF ANY MUNICIPALITY, IN THEIR DISCRETION, TO DEFER FOR A PERIOD OF UP TO THREE YEARS AD VALOREM TAX ON REAL PROPERTY AND/OR INVENTORY LEVIED UPON ANY NEW CAPITAL INVESTMENTS IN LAND, BUILDINGS OR DEPRECIABLE FIXED ASSETS AND IMPROVEMENTS WITHIN THE MUNICIPALITY MADE BY CERTAIN SMALL BUSINESSES OR ENTITIES MEETING CERTAIN NEW INVESTMENT AND EMPLOYMENT CRITERIA; TO AMEND SECTION 27-41-1, MISSISSIPPI CODE OF 1972, IN CONFORMITY WITH THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
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2005/html/History/HB/HB1721.htm